Investor returns to stocks after gold market peaks
The VN-Index began to recover on Nov.
11 after consecutive falling sessions, ending the day at 537.59 after a
gain of 13.19 points, an increase of 2.52 percent over The previous
day’s close.
The VN-Index began to recover on Nov.
11 after consecutive falling sessions, ending the day at 537.59 after a
gain of 13.19 points, an increase of 2.52 percent over The previous
day’s close.
Trading volume fell slightly to about 42.3 million shares, worth a combined 1.9 trillion VND (104.3 million USD). Eximbank (EIB) was back in the saddle as the most active share on the bourse with 3.6 million changing hands, while Saigon Securities (SSI) was the leading share by value, with trades worth a combined 191 billion VND (10.3 million).
On the Hanoi Stock Exchange, the HNX-Index on Nov. 11 also advanced by 2.96 percent to end the session at 182.59. Volume on the northern bourse reached nearly 28 million shares, worth a total of 1.16 trillion VND (62.7 million USD). Construction giant Vinaconex (VCG) led the day’s trades with a volume of 3.4 million shares.
Viet Capital Securities reckoned the current bear market was likely to end once capital diverted in recent days to investments in the overheated gold market returned to securities. The gold price was believed to have peaked, following a slight drop in world prices on Nov. 10.
Market on Nov. 11 also saw mixed messages from foreign investors on the two bourses. In HCM City , foreign investors finished the day as net buyers, with a volume of 3.84 million shares, while in Hanoi they were net sellers of a volume of 41,900 shares./.
Trading volume fell slightly to about 42.3 million shares, worth a combined 1.9 trillion VND (104.3 million USD). Eximbank (EIB) was back in the saddle as the most active share on the bourse with 3.6 million changing hands, while Saigon Securities (SSI) was the leading share by value, with trades worth a combined 191 billion VND (10.3 million).
On the Hanoi Stock Exchange, the HNX-Index on Nov. 11 also advanced by 2.96 percent to end the session at 182.59. Volume on the northern bourse reached nearly 28 million shares, worth a total of 1.16 trillion VND (62.7 million USD). Construction giant Vinaconex (VCG) led the day’s trades with a volume of 3.4 million shares.
Viet Capital Securities reckoned the current bear market was likely to end once capital diverted in recent days to investments in the overheated gold market returned to securities. The gold price was believed to have peaked, following a slight drop in world prices on Nov. 10.
Market on Nov. 11 also saw mixed messages from foreign investors on the two bourses. In HCM City , foreign investors finished the day as net buyers, with a volume of 3.84 million shares, while in Hanoi they were net sellers of a volume of 41,900 shares./.
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